PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Openet Telecom

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Openet Raises $21 Million in Series D Funding - Series D round dedicated to development of distribution channels and product development - Margaret Rice-Jones (Ex-CEO of Aircom International) to join the company board - Openet.com
Openet Raises $21 Million in Series D Funding

 

NewswireToday - /newswire/ - Dublin, Ireland, 2012/06/13 - Series D round dedicated to development of distribution channels and product development - Margaret Rice-Jones (Ex-CEO of Aircom International) to join the company board - Openet.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Openet, a global leader of high performance transaction management software for network operators today announced it has completed a $21 million funding round (€16.9 million). The investment will enable Openet to serve accelerating customer demand by financing the development of direct and indirect distribution channels, product development, product management and deployment engineering.

This fourth funding round brings total investment in Openet since 1999 to approximately $55 million (€44 million).

The Company also announced the appointment of Margaret Rice-Jones to the Openet Board. As the former CEO and executive director of Aircom International and a director of NewBay, Psion, Abacus Polar and Trivanti, Margaret has a strong track record of managing private and public companies through periods of significant growth and change. She also brings extensive knowledge of the global telecoms and wireless markets.

The Series D financing round was led by NS Solutions, a leading information technology solution provider in Japan and a subsidiary company of Nippon Steel. Existing investors including Balderton Capital, Cross Atlantic and Kreos Capital also participated in the round. The financing includes $16m in equity funds and $5m in long term debt.

“This funding round gives us additional flexibility to capitalize on our market opportunities,” said Niall Norton, chief executive officer of Openet. “The high level of interest from outside investors reflects the important role Openet’s real-time transaction management solutions play for our customers as they compete in an increasingly dynamic and uncertain market.”

Gary Cuccio, chairman of Openet, added: “We are delighted that Margaret Rice-Jones is joining the board of Openet and will bring her considerable industry experience to help us continue to achieve our global strategic objectives. I look forward to working with Margaret as Openet employs its new funds and pursues its next stage of development.”

Barry Maloney, partner of Balderton Capital, an investor in Openet since 1999, commented: “Today’s successful funding round and Margaret Rice-Jones’s appointment to Openet’s board jointly reflect the Company’s market position as a leader in the global transaction management software market.”

About Openet
Openet (openet.com) is a global leader of high performance transaction management software for network operators, delivering real time network engagement, insight, monetization, and control. Used by more than 80 customers in 28 countries, Operators use Openet to innovate how people, objects and services interact with their network.

Contact:
Jena Rossi, SHIFT Communications
P: (617) 779-1878 - E: jrossi[.]shiftcomm.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering IT Security/Anti-Spam Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Openet Telecom

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
IT Security Anti-Spam Computer Security - Purchase keywords tags antivirus software firewall spyware removal virus scan computer security IT Security Anti-Spam malware / Banner Ads!.

 
  Your Banner Ad showing on ALL
IT Security/Anti-Spam articles,
CATCH Visitors via Your Competitors Announcements!


Openet Raises $21 Million in Series D Funding

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Openet |
Publisher Contact: Andrea Kavanagh - Openet.com 
917-232-2645 Andrea.Kavanagh[.]openet.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Openet Telecom securities in any jurisdiction including any other companies listed or named in this release.

IT Security/Anti-Spam via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Openet Telecom / Company Profile


Read IT Security/Anti-Spam Most Recent Related Newswires:

Algar Telecom Selects Sonus Cloud-Native Session Border Controller for Nationwide SIP Services Expansion
Verint and Group Elite Communications Announce New Partnership
NEC Technology Enables Ink Dots to Become Identification Tags
Sonus Becomes First SIP-Centric Security Vendor to Join Fortinet’s Fabric-Ready Partner Program
Radware Powers TierPoint’s Best-In-Class DDoS Mitigation Service
Radware and Nokia Partner to Provide Best-In-class DDoS Attack Detection and Mitigation
Flexera & Microsoft Join Forces to Increase Software Supply Chain Transparency & Strengthen Customer Relationships
NEC to Provide Lisbon with Smart City Infrastructure for Integrated Management of the Entire City
Ensono Achieves AWS Microsoft Workloads Competency Status
NEC Provides Facial Recognition System to South Wales Police in the UK
NEC Joins Hyperledger to Advance Blockchain Technology
NEC Receives Frost & Sullivan's 2017 Asia Pacific Integrated Biometrics Solutions for Public Safety Leadership Award
Comodo and e-Safer Certificate Division TrustCert Partner to Expand Cybersecurity Solutions in Brazil
Verint Receives 2017 Vendor of the Year Award from Frost & Sullivan Asia Pacific
Convergence of Blockchain with Emerging Technologies Set to Disrupt the Healthcare Industry by 2025 Finds Frost & Sullivan

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  NAKIVO, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)